Business News

UnionPacific-072414-lg.jpgRail transportation provider Union Pacific Corp. reported Thursday a record quarter profit that increased 17 percent from last year, reflecting improved freight revenues amid volume growth and core pricing gains. Earnings per share matched analysts' expectations, while quarterly revenues topped their estimates by a whisker.

Philips Gets FDA 510(k) Clearance For VISIQ Ultrasound System

Koninklijke Philips Electronics NV (PHGFF.PK, PHG) said it received 510 (K) marketing clearance from U.S. Food and Drug Administration or FDA, for its innovative ultra mobile ultrasound system VISIQ. VISIQ with its transducer-plus-tablet display delivers excellent image quality, making ultrasound...

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Brenntag To Proceed With 1:3 Stock Split On August 1, 2014

LANXESS Initiates Group-wide Restructuring Program At Board Meeting today

Michael Wareing To Stand Down At Next AGM As Non Executive Director Of Wolseley

Reckitt Benckiser To Invest £100 Mln In Its Consumer Health R&D Operations



3M Q2 Profit Rises, Meets Estimates; Backs Full-year Outlook

Diversified manufacturer 3M Company Thursday reported higher second-quarter profit, on positive organic sales growth across all of its businesses and geographic regions. Earnings per share met analysts' expectations, while revenues came above view. The company also confirmed its outlook for full year 2014.

Turkey CB Maintains Inflation Forecasts; Signals More Rate Cuts

Turkey's central bank on Thursday left its inflation forecast for the year unchanged and hinted at more rate cuts. In the latest Inflation Report, released today, the bank left the year-end inflation forecast for this year at 7.6 percent. The bank has an inflation target of 5 percent, which Governor...

U.S. New Home Sales Tumble 8.1% In June


Manulife Mutual Funds Streamlines Fund Line-up With Proposed Mergers

Gray Television To Buy WJRT-TV And WTVG-TV From Affiliates Of SJL Holdings, LLC For $128.0 Mln Cash

Calyx Bio-Ventures Enters LoI To Acquire Cannigistics Agri-Solutions

Legg Mason Acquires Martin Currie, An Active International Equity Specialist Based In UK


Inteliquent Inc. (IQNT) Has Fallen To A 5-Month Low After Q2 Report

Inteliquent Inc. (IQNT) reported second quarter EPS from continuing operations of $0.28 Thursday morning, down from $1.05 a year ago. Analysts were looking for EPS of $0.27. Inteliquent has been steadily declining since the open Thursday and is now down 2.14 at $11.96. The stock has dropped to a 5-month...

Pfenex Prices IPO At $6.00 Per Share

Pfenex Inc., clinical-stage biotechnology company engaged in the development of high-value and difficult to manufacture proteins including biosimilar therapeutics, announced the pricing of its initial public offering of 8.33 million shares of its common stock at a price to the public of $6.00 per share. In...

First Industrial Realty Trust Q2 14 Earnings Conference Call At 11:30 AM ET

First Industrial Realty Trust Inc. (FR) will host a conference call at 11:30 AM ET July 24, 2014, to discuss its Q2 14 earnings results. To access the live webcast, log on at For replay a call, dial (855) 859-2056 (US) or (International); passcode: 73477230.